
Novo AI

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About
Novo AI is revolutionizing the insurance industry by leveraging Generative AI and Large Language Models to read, analyze, and explain text documents related to insurance, such as policy documents and claims files. They streamline processes like claims processing and customer support. The AI efficiently extracts and analyzes data from claim documents, whether that's hospital invoices, police reports, or legal correspondence. Novo AI screens documents for potential fraud and abuse, reducing claim leakage and improving loss ratios. They also use AI to monitor and analyze price trends, identifying what drives costs, and equip customer support with AI-driven tools to quickly and accurately explain coverage decisions to customers.
Platform
Features
• improve customer satisfaction
• generate actionable insights
• streamline claims processing
• detect fraud & abuse
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